Hangxiao Steel Structure Co (SHSE:600477) Days Payable : 240.57 (As of Mar. 2024)

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What is Hangxiao Steel Structure Co Days Payable?

Hangxiao Steel Structure Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥4,006 Mil. Hangxiao Steel Structure Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,519 Mil. Hence, Hangxiao Steel Structure Co's Days Payable for the three months ended in Mar. 2024 was 240.57.

The historical rank and industry rank for Hangxiao Steel Structure Co's Days Payable or its related term are showing as below:

SHSE:600477' s Days Payable Range Over the Past 10 Years
Min: 128.06 Med: 144.55 Max: 232.19
Current: 150.76

During the past 13 years, Hangxiao Steel Structure Co's highest Days Payable was 232.19. The lowest was 128.06. And the median was 144.55.

SHSE:600477's Days Payable is ranked better than
91.5% of 588 companies
in the Steel industry
Industry Median: 39.7 vs SHSE:600477: 150.76

Hangxiao Steel Structure Co's Days Payable increased from Mar. 2023 (179.94) to Mar. 2024 (240.57). It may suggest that Hangxiao Steel Structure Co delayed paying its suppliers.

Hangxiao Steel Structure Co Days Payable Historical Data

The historical data trend for Hangxiao Steel Structure Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hangxiao Steel Structure Co Days Payable Chart

Hangxiao Steel Structure Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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131.97

128.06

130.25

141.45

147.65

Hangxiao Steel Structure Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															179.94	123.63	141.66	139.53	240.57

Competitive Comparison of Hangxiao Steel Structure Co's Days Payable

For the Steel subindustry, Hangxiao Steel Structure Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hangxiao Steel Structure Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hangxiao Steel Structure Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangxiao Steel Structure Co's Days Payable falls into.

Hangxiao Steel Structure Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Hangxiao Steel Structure Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3223.624	+	4126.405)	/	2 )	/	9084.748	*	365
=	3675.0145					/	9084.748	*	365
=	147.65

Hangxiao Steel Structure Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4126.405	+	3884.75)	/	2 )	/	1519.361	*	365 / 4
=	4005.5775					/	1519.361	*	365 / 4
=	240.57

Hangxiao Steel Structure Co Days Payable Related Terms

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Hangxiao Steel Structure Co (SHSE:600477) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hangxiao Steel Structure Co Ltd (SHSE:600477) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Middle Zhonghe Road, Floor 3,5,7, Ruifeng Building, No. 258, Hangzhou, Zhejiang, CHN, 310003

Website

http://www.hxss.com.cn

Hangxiao Steel Structure Co Ltd is engaged in the design, manufacture, and installation of steel structure in China. It manufactures high rise steel structure, light steel structure, space steel structure, steel beam, steel truss; steel floor deck; steel purlin and residential steel structure projects.

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